The fact that economic generalizations are abstract renders them impractical and useless.

Name: The fact that economic generalizations are abstract renders them impractical and useless.
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Economic generalizations may be abstract, but they can still provide useful insights and predictions for real-world situations. While they may not provide specific solutions for every situation, they can still offer guidance for decision-making and policy formulation.

The Fact That Economic Generalizations Are Abstract Renders Them Impractical